Jewellery stock Manoj Vaibhav Gems N Jewellers rises 65% within two months after listing of shares. Do you own? | Mint
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Business News/ Markets / Stock Markets/  Jewellery stock Manoj Vaibhav Gems N Jewellers rises 65% within two months after listing of shares. Do you own?
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Jewellery stock Manoj Vaibhav Gems N Jewellers rises 65% within two months after listing of shares. Do you own?

Manoj Vaobhav Gems share price rebounded strongly after touching record low of ₹202 after flat listing at ₹215 per share on NSE and BSE

Manoj Vaibhav Gems share price today is around ₹355 per share on NSE. (Photo: Company website)Premium
Manoj Vaibhav Gems share price today is around 355 per share on NSE. (Photo: Company website)

Stock market today: Shares of Manoj Vaibhav Gems N Jewellers Ltd have been in uptred after listing on Indian stock market bourses. Manoj Vaibhav Gems share price listed on NSE and BSE at 215 per equity share on 3rd October 2023, which was a flat listing against the issue price of 204 to 215 per equity share. However, the jewellery stock witnessed strong buying interest among stock market bulls after flat listing. This led to sharp rise in Manoj Vaibhav Gems share price from 215 to 355 per share levels in near two months of its listing, delivering to the tune of 65 per cent to the allottees and those who bought Manoj Vaibhav Gems shares post-listing.

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Manoj Vaibhav Gems share price today opened upside at 342.15 apiece levels on NSE and went on to hit intraday high of 363.95 per share levels within few minutes of stock market's opening bell today. However, stock soon witnessed profit taking and it came down to the tune of 355 apiece levels.

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Manoj Vaibhav Gems N Jewellers IPO details

The price band for the initial public offering (IPO) of this jewellery stock was set at 204 to 215 per equity share. The mainboard stock listed on the Indian exchanges on 3rd October, 2023. After listing flat at 215 per share, the stock remained under pressure and touched its life-time low of 202 per share on the NSE in the next few sessions. However, the stock attracted bargain hunting from value investors ahead of Diwali. Manoj Vaibhav Gems share price rebounded from 202 apiece levels and went on to hit life-time high of 382 per share levels, ascending to the tune of 90 per cent from its record lower levels.

In last one month, Manoj Vaibhav Gems share price has surged from around 260 apiece levels to 355 per share levels, logging near 35 per cent upside in this time.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decision.

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ABOUT THE AUTHOR
Asit Manohar
Chief Content Producer at Live Mint Digital Team
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates.
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Published: 01 Dec 2023, 01:56 PM IST
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